LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

RE:Lake shore Gold Corp should really think about a merger

[ossyw11]

I give it 60 days. 

With the recent acquisition of 6% of the company by an "unknown" buyer and several majors now actively looking at their data room, the only thing standing in the way is an acquiror's reasonable confirmation that they can significantly extend mine life.  Seasoned mining geologists familiar with the mining camp have already made this determination based on existing trends and core samples. 

There are 2 important considerations for these acquirors.  1. Do they make an offer now at bargain basement prices - before results of exploration programs prove Tony's thesis of a deep treasure chest?  Or do they wait and make a fair offer after the results are known and mine life viability is confirmed?  2.  Do these acquirors make their offer directly to the shareholders and try to steal it; or do they try to get the board onside?  Since our board and management own less than $750,000 worth of LSG stock, its really not fair for them to bother giving us an opinion.  

I personally believe that up to 15-20% of the company current under one shareholder's control (it just has not been crossed back into their account yet).  This will happen in time, whenever they get to the point where they have a controlling vote - which is probably soon.

Either way, if the gold price holds, expect the first quarter to create some interest and excitement in our shareprice.  IMO we will see LSG's shareprice rise to circa $1.25-$1.40 in the coming weeks.

All of this is just my opinion....good luck to the longs - JRMJ